Stock Traders Buy Large Volume of Twilio Call Options (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO) saw some unusual options trading on Tuesday. Stock traders acquired 10,610 call options on the company. This is an increase of 29% compared to the typical daily volume of 8,244 call options.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $122.18 on Thursday. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio has a 1-year low of $56.16 and a 1-year high of $151.95. The stock has a market capitalization of $18.65 billion, a P/E ratio of -581.80, a P/E/G ratio of 3.92 and a beta of 1.30. The business has a 50-day moving average price of $117.58 and a two-hundred day moving average price of $112.40.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Equities analysts predict that Twilio will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares of the company’s stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,888 shares of company stock valued at $6,753,409. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC boosted its position in shares of Twilio by 211.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company’s stock worth $575,000 after purchasing an additional 3,993 shares during the last quarter. Horizon Financial Services LLC lifted its stake in Twilio by 9,692.0% in the first quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company’s stock valued at $240,000 after buying an additional 2,423 shares during the period. OneDigital Investment Advisors LLC bought a new position in Twilio during the first quarter worth about $294,000. Alpha Cubed Investments LLC grew its position in shares of Twilio by 53.7% during the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company’s stock worth $1,651,000 after buying an additional 5,896 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Twilio by 198.2% during the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company’s stock worth $791,000 after buying an additional 5,368 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Tigress Financial reaffirmed a “buy” rating and issued a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. Mizuho decreased their price objective on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Scotiabank boosted their target price on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a report on Friday, May 2nd. Finally, Piper Sandler set a $140.00 price target on Twilio and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.22.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.